Adroit Industries (India) IPO
Auto Ancillaries • ₹151cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Substantial export revenues are concentrated in the US market.
- High customer concentration with top 10 clients driving revenue.
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹126-134
Lot Size
111 shares
Issue Size
₹151cr
Open
23 Sept 2026
Close
25 Sept 2026
Subscription
177×
GMP +₹58 → est. ₹192
IPO Schedule
| Issue Open Date | 23 Sept 2026 |
| Issue Close Date | 25 Sept 2026 |
| Allotment Date | 28 Sept 2026 |
| Listing Date | 30 Sept 2026 |
About Adroit Industries (India)
Adroit Industries (India) Limited is a manufacturer and supplier of propeller shafts and related torque-transmission components for automotive and non-automotive applications. Its product portfolio includes precision-machined torque-transmission components, complete propeller shaft assemblies and forged components used as intermediate inputs in its manufacturing process. The company’s manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, and it offers more than 5,000 SKUs of torque-transmission components and assemblies as of July 31, 2026. Its products are used mainly in commercial vehicles and, to a limited extent, passenger vehicles such as SUVs, as well as in defence and emergency services, heavy equipment, off-highway machinery and industrial equipment. The company supplies products through distributors, Tier-1 driveline component suppliers and directly to original equipment manufacturers (OEMs). It supplied products to customers in more than 32 countries during FY26, including the United States, Canada, Australia, Mexico, the United Kingdom, and countries across Europe, Latin America, the Middle East, Africa, and Asia-Pacific.
Company Details
Founders / Promoters
Mr Saurabh Sangla
Founded
1966
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Grey Market Premium (GMP)
Issue Price
₹134
GMP
+₹58
Est. Listing
₹192
Est. Gain
+43.3%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
Adroit Industries (India) — IPOFins Verdict
QuantitativeDriven by QIB demand at 195.0x and moderate disclosed risk (6/10). The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- Integrated setup with full in-house forging and machining.
- Diversified product applications across auto and non-auto segments.
- Wide global presence with export revenues spanning 32+ countries.
- Established business relationships with repeat distributor orders.
- Localized warehousing support for key North American operations.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of Adroit Industries (India) IPO?
The price band is ₹126-134 per share with a lot size of 111 shares. Minimum investment: ₹14,874.
What does Adroit Industries (India) do?
Adroit Industries (India) Limited is a manufacturer and supplier of propeller shafts and related torque-transmission components for automotive and non-automotive applications. Its product portfolio includes precision-machined torque-transmission components, complete propeller shaft assemblies and forged components used as intermediate inputs in its manufacturing process. The company’s manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, and it offers more than 5,000 SKUs of torque-transmission components and assemblies as of July 31, 2026. Its products are used mainly in commercial vehicles and, to a limited extent, passenger vehicles such as SUVs, as well as in defence and emergency services, heavy equipment, off-highway machinery and industrial equipment. The company supplies products through distributors, Tier-1 driveline component suppliers and directly to original equipment manufacturers (OEMs). It supplied products to customers in more than 32 countries during FY26, including the United States, Canada, Australia, Mexico, the United Kingdom, and countries across Europe, Latin America, the Middle East, Africa, and Asia-Pacific.
Should I apply for Adroit Industries (India) IPO?
Adroit Industries (India) is drawing exceptionally strong interest at 176.8x overall subscription (QIB 195.0x, retail 99.8x) — high retail oversubscription usually means lower allotment odds per application. IPOFins Score 7/10: Driven by QIB demand at 195.0x and moderate disclosed risk (6/10). The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Adroit Industries (India)?
Adroit Industries (India) was founded by Mr Saurabh Sangla in 1966.